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cnbc.com
From 10% chance of success to $2 trillion market cap: SpaceX's historic IPO
After its Nasdaq debut on Friday, SpaceX was the sixth most-valuable U.S. company, despite being a fraction the size by revenue of tech's megacaps.
theguardian.com
The case for Labour to introduce a wealth tax has never been stronger | Phillip Inman
A 2% levy on fortunes above £100m – with no exemptions – could begin to reverse decades of rising inequalityAndy Burnham and Wes Streeting have sought to blunt the Green leader Zack Polanski’s popularity with a hint that a government run by either of them, should they win a Labour leadership race, would favour a tax of some kind on the wealthy.With SpaceX’s stock market launch on Friday sending Elon Musk’s fortune to the stars, it is clear to most people that the world’s super-rich are running away with the lion’s share of the spoils and there is not much left for anyone else. Continue reading...
cnbc.com
U.S.-Iran peace deal could be finalized 'in the next 24 hours,' Pakistan's PM says
A senior Trump administration official had said earlier that deal to end the Iran war could be signed soon.
cnbc.com
SpaceX IPO sticks the landing. Here's what investors are saying about its epic first trading day
Despite a large retail allocation and huge volume, volatility was moderate
theguardian.com
Anthropic to disable its most advanced AI models after US order limiting foreign access
Company said US government believes safeguards can be bypassed and product used to identify software vulnerabilitiesAnthropic said it will “abruptly disable” its most advanced AI models for all users after the US government ordered it to suspend access to the models for foreign nationals, citing national security concerns.The company received the export control directive to suspend access to Fable 5 and Mythos 5 for all foreign nationals, without being given specific details of the national security concern, Anthropic said in a statement. Continue reading...
theguardian.com
Ask for help, take chances and be kind to yourself: readers’ tips for young jobseekers
People with careers in the UK and beyond offer practical advice for those struggling to secure workAbout 1 million 16- to 24-year-olds in the UK are not in employment, education or training, and a recent report said this could rise to 1.25 million by the early 2030s without urgent government action.With the obstacles young people face in securing employment now greater than ever, we asked readers if they had any advice for those seeking work. Here are some of their responses. Continue reading...
theguardian.com
Jeff Bezos’s Blue Origin says it will fly again this year after explosion. Nasa needs it to
The company’s response to the launchpad blast has become a key test for Artemis IIIAs Blue Origin tells it, the most spectacular launchpad explosion in recent memory, which destroyed its pioneering New Glenn space rocket last month and severely damaged almost everything around it, was merely a blip.“We will fly again before the end of this year. Gradatim Ferociter,” Dave Limp, the company’s chief executive, posted on X on 1 June, using the Latin form of its motto, “Step by step, ferociously”. Continue reading...
theguardian.com
UK sets out AI infrastructure push at London Tech Week – how does it stack up?
Government announces plans to invest billions, but questions linger over how its proposals on chips, social media and more will workOwnership of the commanding heights of the AI economy is a political talking point around the world, as countries seek to assert some control of a technology dominated by the US and China.London Tech Week, the showcase event for the UK tech industry, focused heavily on that theme this week. A government keen to show it has a growth story, and an assertive narrative on AI, made a number of announcements related to companies, skills and infrastructure. Some represented new commitments and ideas; others appeared to be putting a polish on already announced measures. Continue reading...
cnbc.com
Switzerland is voting on whether to cap its population at 10 million. Here's what to know
Switzerland votes on a population cap that could tighten immigration and put its EU free-movement agreement under pressure.
cnbc.com
UAE denies 'false' reports of fund transfer to Iran
The statement follows a Reuters report that the UAE has agreed to unlock billions of dollars of frozen funds for Iran.
theguardian.com
Travel insurance: don’t let a health condition derail your holiday plans
A medical issue can send quotes for cover soaring but it is not worth risking going abroad without a policy“I nearly fell over when I saw the travel insurance quote,” says the retiree Bernie Lawrence. The 77-year-old from Fleet, Hampshire, says that after he developed heart problems, the cost of buying cover became “astronomical”.Lawrence, who usually travels with his wife, Barbara, 79, says he had always been active and fit before suffering chest pains while out running in 2018. Nine days later, he underwent quadruple bypass surgery. Continue reading...
theguardian.com
‘We eat and drink risk’: higher costs bring curtain down on more UK music festivals
Plans for new event at the Secret Garden Party site and Womad Glasgow are dashed, but others remain optimisticHosting Scotland’s first Womad festival seemed like an easy sell for Glasgow, the country’s gig capital and self-proclaimed “dynamic global hub for music lovers”.However, last week the internationally renowned event celebrating performance from around the world, successfully staged in 30 countries since being co-founded by former Genesis frontman Peter Gabriel in 1982, was cancelled due to low ticket sales. Continue reading...
cnbc.com
Former Tesla board member says SpaceX needs to achieve 2 of its 3 moonshots to keep its valuation
SpaceX has achieved its goal of becoming the largest IPO on record.
bbc.com
Teen plans to leave uni 'debt free' after making £35,000 selling vintage football shirts
Eleri Williams started out selling her dad's old football shirts and has just opened her own shop.
theguardian.com
Public control of water and energy at heart of Burnham agenda, sources say
Exclusive: Greater Manchester mayor ‘serious’ about taking over ‘essentials of life’ if he becomes PM, a move critics say could cost taxpayer billions A decade-long project to bring water and energy into public control will lie at the heart of Andy Burnham’s agenda should he become prime minister, according to sources close to the Greater Manchester mayor.Several close allies of Burnham have said he wants to take over broad swathes of UK utilities in an effort to improve performance and potentially reduce bills for consumers. Continue reading...
theguardian.com
How doing a wash while you watch the World Cup at 2am could cut energy bills
Change in viewing habits offered by match times at 2026 tournament could mean using cheaper off-peak powerWatching late-night or early hours football could provide UK households with a practical opportunity to cut their energy bills, as even just doing the washing when cheaper electricity rates apply can net a decent saving.At a time when energy costs are back at worrying highs, research by E.ON Next shows the potential to save money on a time-of-use tariff – in this case, its Next Smart Saver deal, which has three rates: peak, off-peak and super off-peak. Continue reading...
theguardian.com
‘Fast-track’ regulation could expose Britons to harmful chemicals, say campaigners
Exclusive: Fighting Dirty taking legal action against government over proposal it says could import weaker standardsAn environmental campaign group is taking legal action against the government over proposals that it claims could fast-track chemical hazard classifications from other countries with lower standards into UK law.Fighting Dirty claims proposals to change the classification and labelling of potentially hazardous chemicals could result in the UK weakening standards on cancer-causing substances. Continue reading...
theguardian.com
US justice department approves $111bn merger of Paramount and Warner Bros Discovery
Deal still under UK scrutiny with new investigation, and could face lawsuit from state attorneys generalDonald Trump’s Department of Justice has decided to approve the $111bn merger of Paramount Skydance, controlled by the Ellison family, and Warner Bros Discovery, the parent company of networks like CNN and HBO.The deal was approved by the justice department’s anti-trust division after months of review, and despite the concerns of many people in the entertainment and media industries who believe it will hurt competition by reducing the number of film studios and – most likely – merging two news networks, Paramount’s CBS News and CNN. Continue reading...
theguardian.com
Palantir loses legal challenge to force Swiss magazine to publish responses
Data analytics company loses on 22 out of 23 counts in lawsuit disputing how Swiss government rejected firm’s servicesThe US technology company Palantir has lost a legal challenge to force a Swiss independent magazine to publish its responses to articles about how the Swiss government rejected its services.The data analytics company lost on 22 out of 23 counts of the suit. In a ruling on Friday, Zurich’s commercial court dismissed the majority of counterstatement requests filed by the company and its Swiss subsidiary finding that only a single passage in one article warranted a published response from the company. Continue reading...
theguardian.com
Ex-West Ham director would not be involved in inquiry into David Sullivan
Tara Warren of the Independent Football Regulator was an executive director at West Ham until DecemberA nonexecutive director of the Independent Football Regulator will not be involved in the inquiry into allegations of sexual misconduct against David Sullivan to avoid a conflict of interest over her links to West Ham.Tara Warren was an executive director of West Ham United and the club’s women’s team before joining the football regulator. Continue reading...
bbc.com
Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
theguardian.com
How much money did Elon Musk make in SpaceX’s stock market debut?
He’s now the world’s first trillionaire, after his rocket and AI company broke IPO records on its way to a $2.1tn valuationElon Musk is now the world’s first trillionaire. SpaceX’s historic debut on the stock market on Friday launched the CEO to unprecedented levels of wealth; his personal fortune now amounts to $1.1tn, an increase of more than $62bn since the previous day, according to Forbes.The rocket, satellite and AI company raised $75bn from its record-breaking initial public offering (IPO), and is now valued at $2.1tn after its first day of public trading. Continue reading...
cnbc.com
SpaceX 'proxies' plunge as real deal arrives: Here's where traders are buying the dip
SpaceX "proxy stocks," whose options volumes were booming ahead of Friday's historic initial public offering, are unwinding gains.
cnbc.com
Elon Musk becomes world's first trillionaire as SpaceX begins trading on the Nasdaq
Elon Musk's stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth as of Friday is roughly $1.05 trillion.
theguardian.com
SpaceX to list on US stock market at historic $1.77tn valuation
Initial public offering for aerospace and AI company made Musk the world’s first trillionaire as share prices jumpedShare your views on SpaceX’s stock market debutSpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company. Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn, where it remained through market close. The company’s initial public offering made the company’s CEO, Elon Musk, the world’s first trillionaire.“It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever,” Musk said in an address at SpaceX’s headquarters Friday morning. He reiterated the company’s mission to “make humanity multiplanetary” and “take the fiction out of science fiction”. Continue reading...
theguardian.com
Fraudster jailed after scamming London renters out of £77,000
Frederic Priestley, 32, falsely advertised property he did not own for rent on Facebook, obtaining payments and depositsA man has been jailed after defrauding more than 30 people out of more than £77,000 in a rental scam, police said.Frederic Priestley, 34, from Southwark, London, falsely advertised a property for rent on Facebook between April and September last year. Continue reading...
cnbc.com
SpaceX market cap tops $2 trillion after shares of Elon Musk's rocket company gain 19% on debut
SpaceX shares soared on Friday as trading commenced on the Nasdaq.
theguardian.com
Elon Musk is a trillionaire now. Is that bad for the economy? – Stateside with Kai and Carter
Elon Musk has become the world’s first trillionaire thanks to his company SpaceX, which now has the biggest IPO of all time. Public trading in the company has put it's valuation at over $2tn. The eye-watering sums of money pouring into AI are also boosting other tech titans, including OpenAI and Anthropic. Both companies are expected to go public this year with nearly trillion-dollar valuations. The Guardian’s US tech editor Blake Montgomery tells Kai Wright that with these IPOs, all our financial futures are forever tied to AI’s success, and more worryingly, its possible failureWatch on YouTube Continue reading...
bbc.com
UK vows to phase out Russian diesel and jet fuel imports by new year
The ban forms part of the government's package of sanctions on Moscow due to the ongoing war with Ukraine.
cnbc.com
Trump denies Iran's account of deal terms, decries new drone attack: 'Dishonorable people'
"They better get their act together, and FAST!" President Donald Trump said of Iran one day after announcing that a deal would be finalized within days.
cnbc.com
SpaceX COO Shotwell says Tesla tie-up ‘might make Elon’s life a little easier’
As SpaceX prepared to hit the Nasdaq following its record IPO, Elon Musk's second-in-command didn't dismiss the possibility of a Tesla tie-up.
theguardian.com
The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply | Robert Reich
The economic principles taught in school aren’t as relevant as hype, connections and total, arbitrary controlShare your views on SpaceX’s stock market debutElon Musk is now the world’s first trillionaire, after his SpaceX exploration and satellite company went public on the Nasdaq on Friday.With shares priced at $135 each, Musk’s aerospace and satellite maker soared to an overall market valuation of approximately $1.77tn – which raised Musk’s net worth (which had already hovered at the astronomical $813bn) into the $1tn stratosphere. Continue reading...
cnbc.com
SpaceX’s Gwynne Shotwell had IPO doubts for years, now she has a message for investors
Gwynne Shotwell, long Elon Musk's second-in-command at SpaceX, spoke exclusively with CNBC ahead of her company's highly anticipated IPO.
theguardian.com
US consumer sentiment improves in June due to easing gas prices
Consumer sentiment still remains at historically low levels amid Iran war and rising inflation, new survey showsEasing gas prices are making Americans feel better about their personal finances and the economy in June, but consumer sentiment remains at historically low levels amid ongoing conflict in the Middle East, according to new survey data from the University of Michigan.The latest numbers come as SpaceX marks its historic stock market debut, which has made Elon Musk the world’s first trillionaire. Yet many Americans still feel like they are struggling even as the stock market reaches record highs. Continue reading...
theguardian.com
Can Starmer’s late-night World Cup openings help Britain’s struggling pubs?
While venues could stay open until 2am, rising costs remain a far bigger concern for many landlords Picture the scene: it’s 1am on a sultry July night and Jude Bellingham has just scored the decisive penalty to send England into the World Cup semi-final. Cue wild celebrations among millions of pub goers, fuelled by the realisation that there is still an hour until closing time.Keir Starmer may have imagined a national morale-boosting spectacle such as this when his government told hospitality venues that they could stay open until 2am on some World Cup match days. Continue reading...
theguardian.com
Is Fifa allowed to make AI athletes? – video
Does qualifying for the World Cup mean you now support the Knicks?From World Cup promos to NBA Finals ads, AI imagery is becoming more common in sports promotions. Many athletes are under contracts that permit the use of their likeness, but in an age of hyper-real AI, do new rules need to be put in place?Our reporter Mark Mcpartland takes a look. Continue reading...
cnbc.com
From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards
With SpaceX seeking an IPO valuation of nearly $1.8 trillion, early bets are poised to generate some of the biggest paper gains in venture capital history.
theguardian.com
Labour’s woes are like a slow-motion car crash – and Keir Starmer isn’t even in the driving seat | Marina Hyde
More resignations, more possible leadership challenges and dubious ‘sources’ – the PM has lost control of his own political agenda“This isn’t the beginning of the end,” one senior Labour adviser remarked yesterday. “It has gone way beyond that.” To the middle of the end? The late-middle? Forgive the attempt to ascertain the precise coordinates of where we are in the decline and fall of Keir Starmer, which feels like it’s clocking in at slightly longer than the last days of Rome (conservatively estimated at a couple of centuries). Some believe that – like the phrase “heat death of the universe” – the “end of Keir Starmer” may sound like it should be a cataclysmically white-flash event, but will actually unfold over trillions of years.I think something else is happening. I think we’re getting to the part in the movie where the mortally wounded antagonist hisses: “My death is only the beginning.” Andy Burnham is the sequel nobody asked for. The current inadequacy is a franchise.Marina Hyde’s new book, What a Time to be Alive!, is out in September (Guardian Faber Publishing, £20). To support the Guardian, order your signed copy at guardianbookshop.com. Delivery charges may applyMarina Hyde is a Guardian columnist Continue reading...
theguardian.com
Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case
Decision to not overturn fallen crypto mogul’s 25-year prison sentence was handed down by three-judge panel Sam Bankman-Fried on Friday lost his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he founded.The decision was handed down by a three-judge panel of the New York-based second US circuit court of appeals. Continue reading...
theguardian.com
UK PM Keir Starmer defends defence spending: 'It's my number one priority' – video
The UK prime minister has defended the government's defence spending plans and insisted he would fight to keep his job. In an interview with the BBC, Keir Starmer said defence would be his 'number one priority' in the next spending review. His remarks came a day after the defence secretary, John Healey, resigned. Asked about the prospect of a leadership challenge, Starmer replied: 'I will fight'‘I’m not going away,’ says Keir Starmer despite defence secretary’s exitUK’s defence plan is underfunded and outdated, says Al Carns after resignation Continue reading...
theguardian.com
‘A long lunch is what we’re good at’: London bistro above a pub wins UK restaurant of the year
Bouchon Racine is old school, for lovers of traditional French cooking and boozy afternoons – it even aims to stop taking bookings onlineIf you are someone who consults social media to find the best spots for a weeknight dinner reservation, you’d be forgiven for thinking that having a viral social media account or influencer chef at the stove is the only way to run a successful restaurant these days.However, the operators of the newly crowned top UK restaurant are not just unbothered about competing in the algorithm olympics, they’re actively seeking out ways to be more analogue – even considering only take bookings by phone. Continue reading...
theguardian.com
Reeves grudgingly resorts to departmental salami slicing to fund UK defence budget
Starmer shows no will to pursue the main options for rising commitments: spending cuts, tax rises or borrowingWhen Keir Starmer wanted to promise Donald Trump that the UK would increase defence spending, he decided to fund it by slashing the UK’s aid budget – losing a cabinet minister, Anneliese Dodds, in the process.This time around, with John Healey’s Ministry of Defence (MoD) demanding an additional £18.5bn over four years to fund the defence investment plan, there was no such lever to hand. Continue reading...
bbc.com
Have you been mis-sold car finance?
Martin Lewis has advice for those who have or who are planning to put in a car finance mis-selling claim.
cnbc.com
CNBC Daily Open: The buyers are back ahead of SpaceX IPO
SpaceX will start trading on the Nasdaq today after raising $75 billion in its record-breaking IPO, as Wall Street's rally resumes on Iran peace hopes.
theguardian.com
‘This is what I was born for’: the drought-ridden Colombian town that took on Coca-Cola Femsa – and won
While La Calera faced severe water rationing, local springs were being drained by the drinks giant’s franchise. So the residents fought backWhen a severe drought struck La Calera near Bogotá, many of its residents lost their water for drinking, cooking and farming and faced up to 15 days of strict water rationing each month. Yet the area is home to Chingaza reservoir, which supplies about 70% of the drinking water for Colombia’s capital.As the drought stretched from April 2024 to April last year, people began to look more closely at how their water was being managed. Continue reading...
theguardian.com
Barclays to buy GoHenry kids’ debit card and money app
High street bank to buy UK business from US fintech company Acorns as it targets young peopleBarclays is to buy an app designed to help children understand and manage their money, as it targets young people in affluent families.The high street bank has agreed to buy the UK business of GoHenry, which provides children with personalised debit cards carrying their name, from the US fintech company Acorns, which will retain GoHenry’s US branch. Continue reading...
theguardian.com
A solar-powered rubbish-eating boat? The vessel chomping plastic waste out of the sea
Guided by floating barriers, the Interceptor has already stopped more than 143,000lbs of rubbish from entering the Pacific from one LA riverOn an overcast June morning, I step from the rubber-sided Zodiac boat on to a floating barge at the mouth of Ballona Creek, where it meets Santa Monica Bay on the west side of Los Angeles. The first thing I notice? Salty air is the only smell, despite six giant waste bins sitting atop the tennis court-sized barge.The contraption is actually two barges – a smaller platform sits nestled inside the larger boat. A floating barrier directs rubbish into the device, where a conveyor belt scoops it up. An automated shuttle then distributes the waste into six dumpsters on a separate barge, sending an alert to crews when it is full. Above, solar panels form the ceiling and a conveyor belt runs slowly, dropping bits of plastic and waste into each of the bins. The whole thing can hold about 20,000lbs (9,070kg) of rubbish – the same as one fully loaded lorry. Continue reading...
cnbc.com
The Tech Download: Mistral's Arthur Mensch on agentic AI, chips and enterprise adoption
CNBC's Arjun Kharpal sat down with the chief of one of Europe's leading AI companies.
bbc.com
UK signals it may block payout to British Steel owner
Chinese firm Jingye is seeking compensation after the government decided to nationalise the company.
bbc.com
UK economy contracts as Iran war impact felt
The economy shrank slightly in April as the Iran war began to have an impact on businesses, official data shows.
bbc.com
'I was employee number one at SpaceX'
The BBC's Michelle Fleury spoke to Tom Mueller, who was one of the company's founders alongside Elon Musk in 2002.
theguardian.com
Behind the scenes at OpenAI HQ: the Stephen Collins cartoon
Continue reading...
cnbc.com
Luxury stocks spike on proposed U.S.-Iran peace deal; LVMH up 5%
Luxury stocks have been hard hit by the Iran war, as the Middle East had been a fast-growing market for the otherwise largely muted sector.
cnbc.com
U.S. becomes India’s top gas supplier, as Iran war cuts it off from the Gulf
India's gas purchases from the U.S. have grown steadily, driven by Washington’s push to sell more American energy to the South Asian country.
theguardian.com
After SpaceX’s huge IPO, Americans’ financial future will be bound to AI
They’re about to get more AI rammed down their throats, stuck into their pension plans and investment portfoliosShare your views on SpaceX’s stock market debutAmericans are growing worried about what artificial intelligence portends for their futures. Eight in 10 Americans report concern over AI, compared with a third who report being excited, according to a recent Quinnipiac poll. More than half think it will do more harm than good in their daily lives. Seven out of 10 think it will reduce the number of available jobs.Skeptical though they may be, they are about to get more AI rammed down their throats and stuck into their pension plans and their investment portfolios, whether they want it or not – binding their futures ever more tightly to the frenzied, risky, multibillion-dollar dash by technology moguls to develop machines capable of mimicking human thought processes to take over cognitive tasks. Continue reading...
bbc.com
Watch: Three things to know about SpaceX's stock market debut
The BBC's Samira Hussain explains everything you need to know about SpaceX's historic IPO.
cnbc.com
Jewelry giant Chow Tai Fook's shares rise 15% as higher gold price boosts profits
Chow Tai Fook surged after posting a record high profit in its latest financial year.
cnbc.com
Meta reportedly begins dismantling $2 billion Manus deal on Beijing's orders
Meta has reportedly begun dismantling its acquisition of Manus, moving to comply with Beijing's unprecedented order to hand back the Chinese-founded AI startup.
cnbc.com
UK economy shrank 0.1% in April as Iran conflict weighed on growth
U.K. GDP fell 0.1% in April as services activity declined and companies cited pressure from the Middle East conflict.
theguardian.com
Has the US really carried out a secret mission to get oil through Hormuz?
Trump says hundreds of tankers have escaped Iran’s blockade. Data suggests shipments are increasing but many questions remainDonald Trump has claimed that the US has been conducting a “secret mission” in the strait of Hormuz to help Gulf petrostates bypass Iran’s chokehold on oil flows – which has roiled global energy markets for months.In televised comments from the Oval Office on Wednesday, the president claimed Iran was unaware that dozens of tankers had been escorted out of the blockaded channel at night with their transmitters off. Continue reading...
bbc.com
'I was employee number one': SpaceX co-founder reacts to firm's market debut
The BBC's Michelle Fleury spoke to Tom Mueller, who was one of the company's founders alongside Elon Musk in 2002.
theguardian.com
Homes for sale in cultural hotspots in England and Scotland – in pictures
From a new-build in the UK’s only Unesco city of media arts to a buzzing area in London famous for its street art Continue reading...
cnbc.com
ChatGPT hits a billion monthly app users despite souring public AI sentiment
ChatGPT reached a billion monthly users in May despite growing unease over its ethical and environmental impacts.
theguardian.com
Diane Keaton’s nail clippers for $960: what’s behind the new boom in celebrity estate auctions?
With beloved stars’ personal items increasingly up for grabs after they die, a new generation of fans are bidding on everything from bowler hats to dog bowlsFrom Diane Keaton’s bowler hats and polka dot scarfs, to Gene Hackman’s used paint brushes, to Terence Stamp’s love letters from Jean Shrimpton and even Matthew Perry’s black leather wallet (his credit cards and AAA membership card still inside), fans are being offered – at a price – increasingly personal items from the estates of dead celebrities.The growing trend for auctions of deceased famous people’s personal items – which has boomed ever since the hugely popular Marilyn Monroe estate sale in 1999 – has even attracted its own portmanteau: “deleb” as in dead celebrity. Continue reading...
cnbc.com
BTS-mania poised to boost South Korea's economy well into the future
BTS-mania, with all the fan spending and travel, is poised to boost South Korea's economy well into the future
bbc.com
Why the economics make this the craziest World Cup ever
From trade wars to soaring ticket prices, the 2026 World Cup is unlike any before it. Faisal Islam explores what this tournament reveals about our changing global economy.
bbc.com
India's 'blue gold' starts a new drinks industry
Agave plants grow wild in India and new distillers are using them to create a spirits industry.
bbc.com
My friends always want to split the bill equally, how do I say no?
It is never easy to speak up when a fellow diner says "let's just divide it!"
cnbc.com
Oil tanker CEO sees Hormuz ship traffic quickly increasing if U.S. and Iran reach a deal
Many shipowners are just waiting for the threat assessment to be downgraded before crossing Hormuz, Frontline CEO Lars Barstad said.
cnbc.com
SpaceX IPO will test how Wall Street prices ‘strategic tech’
Elon Musk's SpaceX defies typical market buckets, and the IPO will give Wall Street another chance to value "strategic tech" like Palantir.
bbc.com
Villagers take fight against Lidl store plans to Welsh government
Residents in the area do not want a store on land separating Llantwit Major and Llanmaes.
bbc.com
Ryanair investigated over charging parents to sit with children
The UK's competition regulator is investigating the airline over charges it imposes on parents to sit next to their child.
bbc.com
Why does your World Cup pint cost so much this time round?
Pub landlords explain why they have no choice but to charge more.
cnbc.com
Iran threatens Elon Musk's companies in Middle East: Iranian state media
Iran will consider all of Elon Musk's companies in the Middle East as military targets as it retaliates against the U.S., Iranian state media reported.
cnbc.com
South Korea's stock market rout isn't a vote against the country, market exchange chief says
"This is a rebalancing exercise, and has nothing to do with any loss of conviction in the Korean market," Korea Exchange CEO Jeong Eun-bo said.
bbc.com
Dozens of crisis payments handed out by council
Many of the completed payments have gone to low income families with surging heating oil costs.
cnbc.com
SpaceX IPO is a ‘referendum’ on Musk, say market watchers
Friday's hotly anticipated SpaceX market debut could prove a defining moment for capital markets — and serve as a "referendum" on Elon Musk's leadership.
cnbc.com
Why U.S. AI giants like Anthropic, OpenAI are launching major expansions in London
The U.K. capital has become a key growth target for many of the world's most talked about AI companies.
bbc.com
Trump says 'I love the inflation' as US prices rise at fastest rate in three years
The US president later said he had meant that he actually loved that inflation was not higher.
cnbc.com
AI mega-listings are 'just the start,' Razer CEO says, ahead of historic SpaceX IPO
Blockbuster public offerings from AI companies could be an enduring feature of the industry, Razer CEO Min-Liang Tan said Thursday, ahead of several mega IPOs.
bbc.com
Korea fines e-commerce giant $400m over data breach affecting millions
The record fine comes after around 37.5 million users had their private data exposed.
bbc.com
Social media on trial: Four important cases to watch
Social media firms face thousands of lawsuits, the BBC looks at four which could be significant.
cnbc.com
Inside India newsletter: Hollywood is debating AI. India's filmmakers are embracing it
Even as Hollywood remains the world's most influential storyteller, experiments in AI filmmaking are increasingly happening in India.
bbc.com
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.com
Mike Ashley's Frasers offers £1.73bn to buy all of Hugo Boss
The retail group already owns just over a quarter of the German fashion brand but wants to buy the rest of it.
bbc.com
New candy stores are popping up across NYC. Why?
While US consumer confidence is at an historic low the Big Apple's sweet shops are expanding.
bbc.com
I'd have vetoed foreign sale of UK tech giant, says Business Secretary
Peter Kyle's comments come as the government sets out how it would back British technology companies.
bbc.co.uk
SpaceX IPO: Preparing for the biggest liftoff yet?
It’s not just about rockets: what SpaceX does and why its IPO matters
bbc.com
World Cup expected to be the biggest betting event in history
The expansion of the number of games being played is set to drive a surge in the amount of bets placed on this year's World Cup.
theguardian.com
UK minister defends changes to student loans as criticism mounts
Lucy Rigby tells MPs heavily subsidised system gives the government the right to alter terms of existing agreementsMinisters have rejected accusations that recent changes to student loans are unfair, arguing that they are so heavily subsidised that the government has the right to alter their terms.Pressure has been intensifying on the UK government to reform the student loans system but the chief secretary to the Treasury, Lucy Rigby, told MPs on Wednesday that less than half of young people go to university, and the government had to bear in mind “fairness to taxpayers as a whole”. Continue reading...
theguardian.com
Pay what you wish: the restaurant where customers can eat for free – if their conscience lets them
Ever since the Post Modern Times cafe in Minneapolis ditched its price list, half the customers have chosen not to pay. It’s still making a profitName: Pay what you wish.Age: Popular since the 00s, but dating back to at least the 80s. Continue reading...
bbc.com
UK pint prices up 36% since last World Cup – here's why
UK pint prices are up 36% since the last World Cup. We look at why beer now costs so much more.
bbc.com
Illegal mini-marts to shut for up to 12 months under law change prompted by BBC
Under current rules, shops breaking the law can only be closed for up to six months in England and Wales.
theguardian.com
It was Britain’s most expensive house. Why is its only resident a homeless man who lives on the porch?
2-8A Rutland Gate had jewel-encrusted bathroom suites and gold wastepaper bins in its 45 rooms, but has lain empty for years. With many people desperate for secure housing, what does the abandonment of this palace tell us about the UK?When it last changed hands, in 2020, 2-8A Rutland Gate was Britain’s most expensive house, selling for £210m. The word “house” hardly does it justice; palace is probably more accurate. It is in Knightsbridge, one of the most glamorous parts of London, and has 45 rooms, four lifts, an indoor pool and 116 windows, 68 of which overlook Hyde Park.But no one is enjoying those views. This palace has been empty for years. Continue reading...
bbc.com
Bill debt soars but many don't know help is available
The majority of billpayers are unaware of special tariffs for water and broadband, the spending watchdog says.
bbc.com
Beauty Pie LED mask ad banned over misleading anti-wrinkle claim
The mask is not "clinically proven to reduce wrinkles in four weeks", the advertising watchdog finds.
bbc.com
How to enjoy the World Cup - and keep your boss on side
Football fans and bosses share their strategies to balance late night kick offs with work the next day.
bbc.com
Kalshi to make some users reveal job details to tackle insider trading
After issues with insider trading, the prediction betting platform is adding new rules.
bbc.com
World's largest chipmaker does not rule out price rises as costs increase
In a rare interview, a senior executive at TSMC discusses the AI boom, the geopolitics of chips and what it means for the price of electronics.
bbc.com
Version of AI tool 'too powerful for public' released to public
Claude Fable 5 is a version of Anthropic's Claude Mythos, an AI program which caused a stir among technology, finance, and government leaders.
theguardian.com
The British food scene was booming. Why has it suddenly gone bust?
Once mocked internationally, the UK became a gastronomic hotspot in recent decades – London was hailed as the foodie capital of the world. Now many Michelin-starred restaurants have closed and the rot is spreadingIt’s 9am on a weekday morning and although I’ve just finished my porridge, the chef Richard Wilkins is making my mouth water. “My signature dish is soft Scottish langoustines wrapped in very thin, crispy pastry, served with Japanese sushi rice and a langoustine bisque.”His other specialities include turbot in a spinach and champagne sauce, buttery wagyu steak with English peas, and raspberry millefeuille. Sadly, I won’t be able to sample any of them and neither will anyone else. At the end of April, Wilkins took the painful decision to close his west London Michelin-listed Restaurant 104 after seven years. Continue reading...
bbc.com
AI giants' race to raise funds heats up as ChatGPT-owner plans stock market debut
The company behind ChatGPT files its plans one week after Anthropic did the same.
theguardian.com
Healthy cooperation: how northern universities are linking with NHS trusts to drive innovation
Backed by a mix of private and public finance, Huddersfield and Manchester are among many in the academic sector helping to create jobs and growthHuddersfield might appear an unlikely setting for a thriving health research complex. The West Yorkshire town is best known for its manufacturing heritage, but has quickly become a honey pot for private sector businesses keen to collaborate with the town’s university in a push for the latest medical breakthroughs.Next month, the driving force behind the University of Huddersfield’s national health innovation campus, Prof Liz Towns-Andrews, expects to get the go-ahead for the third of seven planned eco-buildings for research and tech development clustered near the town centre. Continue reading...
bbc.com
Could humanoid robots be heading for the battlefield?
Armed forces are experimenting with humanoid robots, but battlefield deployment is some way off.
bbc.com
Spain's visitor numbers hit new highs as tourists avoid Middle East
The European country had 9.1 million international visitors in April, the most ever for that month.
bbc.com
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
theguardian.com
Tax-break trees: how woodland became a store of wealth for the rich
Attempt to turn a stretch of the English-Scottish border into a commercial forest exposes threat to habitats from wealthy investorsOn the English-Scottish border a small species of butterfly, the northern brown argus, has fended off one of the biggest investors in the UK.Todrig, with its heath moorlands and hundreds of species of flora and fauna, represents an investment that could save Britain’s wealthiest families millions of pounds in inheritance tax. Continue reading...
bbc.com
The ancient trick making food waste useful and tasty
Instead of throwing away byproducts of food processing, fermentation is making them valuable.
bbc.com
'By the grace of God': Miners dig on as lab-grown diamonds change market
The rising popularity of lab-grown diamonds heaps pressure on those hunting for the natural gems.
bbc.com
How 'confused' AI rollout hurts firms and baffles staff
Some firms are putting pressure on staff to use AI, but have not thought through their AI rollout.
bbc.com
Caribbean hot sauce producers warn of shortages and higher prices
Manufacturers in Jamaica say the key chilli peppers they need are in limited supply.
bbc.com
Humanoid robots 'the future' of car making, says BMW
BMW is introducing humanoid robots to a car plant in Europe, building on similar projects in the US.
bbc.com
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.com
Is 'out of control' US tipping culture spreading overseas?
With US waiting staff getting cross at receiving less than 20%, tips are also on the rise elsewhere.
bbc.com
The rise of the fruit that tastes like custard
Custard apple plants are prized for their hardiness but exporting their delicate fruit is difficult.
bbc.com
Morocco wants tourists to visit Western Sahara. Some say it's tightening its control
The Moroccan government wants more Western holidaymakers to visit the territory it claims to own.
bbc.com
'Six eggs used to be £1' - why everyday essentials cost so much more now
Six supermarket brand eggs cost £1 in 2022. How much are they now, why have they gone up, and is anyone profiteering?
bbc.com
Love factually: Dating start-ups promise to cut the cheats
Frustration with fake dating profiles has spurred new dating services with different approaches.
bbc.com
The fight against foreign developers buying Caribbean beaches
Campaigners in Barbuda, Grenada and Jamaica say they can no longer access their coastlines.
bbc.com
Robo-top: The machines that could make your next t-shirt
Most clothes are made in Asia, but new machines could bring some of that work back to the West.
bbc.com
Why does Amazon have no Western rivals?
The internet giant dwarfs other online retailers on both sides of the Atlantic.
bbc.com
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.com
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
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